- Investors Fund
Fund Objective
The Investors Fund seeks long-term capital appreciation.
Investment Strategies
The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in the common stock of established, high-quality, growth companies. The portfolio managers define “high-quality” companies as those businesses that have demonstrated stable revenue and earnings growth patterns and high profitability metrics, and that maintain proportionately low levels of debt. The fund may also invest up to 35% of its assets in foreign securities (including American Depositary Receipts and emerging market securities). To the extent invested in common stocks, the fund generally invests in only 25-40 companies at any given time. This reflects Madison’s belief that your money should be invested in the adviser’s top investment ideas, and that focusing on Madison’s best investment ideas is the best way to achieve the fund’s investment objectives.
Quarterly Materials
Key Highlights
| (as of Thursday January 16, 2020) | |||
| Class A | Class Y | Class R6 | |
| Daily Price | 24.07 | 24.05 | 24.30 |
| Ticker Symbol | MNVAX | MINVX | MNVRX |
| Inception Date | 9/23/2013 | 11/1/78 | 9/23/2013 |
| Expense Ratio | 1.20 | 0.95 | 0.77 |
Links to other Madison Funds information:
Daily Price Summary
Performance Summary (PDF)
Prospectus and Financial Reports
Account Applications and Forms
Tax Information
Form 8937 - LCG merger into Investors Fund
Form 8937 - DE merger into Investors Fund
Portfolio Management
Matt Hayner, CFA
Matt has served as portfolio manager on the U.S. Equity Team since 2008. He is currently a co-portfolio manager on the Large Cap strategy. In addition to his portfolio management duties, Matt also serves as an equity analyst on the team. Prior to joining Madison as an equity analyst in 2002, Matt began his career as an industrial chemist. He holds a BS degree in Chemistry from Eastern Illinois University and a MBA from the University of St. Thomas.
Rich Eisinger
Rich has served as portfolio manager on the U.S. Equity Team since 1998. In addition to his portfolio management duties, Rich also serves as an equity analyst on the team. Prior to joining Madison, Rich worked as an investment manager for Spectrum Advisors. He holds a JD degree from the University of Louisville and an MBA from Cornell University.
Portfolio Highlights
| Top Ten Fund Holdings | |
| (as of December 31, 2019) | |
| ALPHABET INC CL C | 5.4% |
| LOWE S COS INC | 5.2% |
| PPG INDUSTRIES INC | 4.9% |
| BROOKFIELD ASSET MANAGE CL A | 4.8% |
| BERKSHIRE HATHAWAY INC CL B | 4.8% |
| US BANCORP | 4.8% |
| JACOBS ENGINEERING GROUP INC | 4.4% |
| CARMAX INC | 4.1% |
| VARIAN MEDICAL SYSTEMS INC | 4.0% |
| TJX COMPANIES INC | 3.9% |
| % of Fund in Top Ten Securities | 46.4% |
| Total Net Assets (as of 12/31/19) | $327.1 Million |
| Turnover (as of 10/31/19) | 23% |
Complete Holdings List
